The Source for Cyber Insurance News, Insights and Data
“What’s in a name? That which we call a rose by any other name would smell as sweet,” wrote Shakespeare. But cyber insurance experts think there’s nothing sweet about the lack of standard terminology in cyber liability insurance policies. “‘This dearth of common language, (Peter Hedberg of Corvus Insurance) said, can create unintended confusion when … Read more
Data breaches, often triggered by human error, not only compromise security but also bring significant emotional distress and financial impacts to the employees involved. The stress and guilt stemming from these incidents can affect productivity and well-being, leading to a tangible cost for businesses. In response, Berkley Cyber Risk Solutions, a division of the Berkley … Read more
We told you about Coalition’s findings on business email compromise (BEC), as reported in the managing general agent’s 2024 Cyber Claims Report. But we were also struck by the data on Fund Transfer Fraud or FTF. Both the frequency and severity of FTF claims increased from 2023 to 2024. Claims were up 15% YOY and … Read more
Coalition, an insurance company focused on digital risk prevention, announced the integration of its Coalition Control platform with major cloud services, including Microsoft 365, Google Workspace, and Amazon Web Services. This new feature will allow businesses to connect their cloud services to Coalition Control, aiming to provide a more comprehensive view of their cybersecurity risks. … Read more
We’ve written extensively about the increasing cooperation and often fusion between cyber security services and cyber security insurance, plus the push to protect America’s healthcare sector. Cyber Insurance for Hospitals Casey Holland of Marsh emphasized the “bespoke” nature of the solution: “It’s a comprehensive approach to helping our hospitals combat cyber threats and provide a … Read more